Online retailer SHOP.CA secures $31 mln in Series B financing
Online retailer SHOP.CA Network Inc has secured $31 million in a Series B financing round. The round includes new investor Shaw Ventures, the investment arm of Canadian telecom company Shaw Communications Inc and several North American financial institutions. SHOP.CA's existing investors Torstar Corp, Slaight Communications and Difference Capital, and company team members also participated in the round. Funding will be used to build SHOP.CA's proprietary technology stack, add to its merchant network, enrich its customer loyalty initiatives and execute on partnership opportunities. Over the last two years, SHOP.CA has raised $52 million, including the current round. Founded in 2012, the company is based in Toronto.
1 May 2014•3 mins read
